Tanalys

Crude Oil (NYMEX) (J5) Intraday: the downside prevails.

Pivot: 51

Our preference: Short positions below 51 with targets @ 48.9 47.65 in extension.

Alternative scenario: Above 51 look for further upside with 52 52.75 as targets.

Comment: The immediate trend remains down and the momentum is strong.

Supports and resistances:

52.75

52

51

49.28 Last

48.9

47.65

46.25

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